Reliance Industries on Sunday said that US-based Qualcomm Incorporated Investment Arm, Qualcomm Ventures, will buy a 0.15 percent stake in Jio platforms for Rs 730 crore. Let us know that the Jio platform is the digital services arm of Reliance Industries, which is called Reliance Jio Infocomm.
Qualcomm Ventures is the 13th company to have recently invested in the fast growing Jio platforms in the telecom and digital services market in India. Earlier, Intel Capital had bought a stake in Jio Platforms.
Please tell that before the electronic chip maker company Intel Capital Live Platforms It was reported to buy 0.39 percent stake for Rs 1,894.50 crore. This information was given by the two companies in a statement issued on 3 July. With this, the total share capital investment in Jio Platforms from these companies was Rs 1,17,588.45 crore.
Reliance Industries and Jio Platforms had said in a joint statement, “Intel Capital will invest Rs 1,894.50 crore in Jio Platforms which would be equal to 0.39 per cent stake in the company’s share price.”